Canada's Department of Finance has announced the release of the 2024 Fall Economic Statement on 16 December 2024. Some of the main tax-related measures are improvements to the Scientific Research and Experimental Development tax incentive program. This is detailed in an earlier backgrounder from the Department of Finance as follows:
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Reforming and Enhancing the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
The Scientific Research and Experimental …